UnionSteel hikes galvanized coil prices

SteelOrbis Shanghai Jiangsu province based galvanized coil maker Jiangyin UnionSteel announced its April ex-factory prices of galvanized coils on March 22. The price of galvanized coils increased RMB 400-600/mt ($50-75). After the adjustment, the price of 0.5 mm thick galvanized coils reached RMB 6,300/mt ($785) including 17 percent VAT, and that of 1.0 mm thick galvanized coils reached RMB 5,700/mt ($710), including 17 percent VAT.